Interactive Brokers Group (NASDAQ:IBKR) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Interactive Brokers Group received a "hold (c)" rating from Weiss Ratings, while Barclays upgraded its rating to "overweight" with a price target increase to $81.00.
• The company's stock reached $70.83 during Tuesday's trading session, reflecting its strong market cap of $120.13 billion and P/E ratio of 36.41.
• Recent transactions revealed insider selling, including CFO Paul Jonathan Brody offloading 116,861 shares, reducing his ownership by 42.37%.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Other analysts also recently issued reports about the stock. Barclays reiterated an "overweight" rating and issued a $81.00 price objective (up from $73.00) on shares of Interactive Brokers Group in a report on Wednesday, October 8th. BMO Capital Markets started coverage on shares of Interactive Brokers Group in a report on Friday, October 3rd. They issued an "outperform" rating and a $82.00 price objective on the stock. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an "overweight" rating in a report on Tuesday. Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.34.

Interactive Brokers Group Stock Performance

IBKR stock traded up $0.31 during mid-day trading on Tuesday, hitting $70.83. 2,030,528 shares of the company were exchanged, compared to its average volume of 7,194,542. The firm has a market cap of $120.13 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.83 and a beta of 1.22. The firm's 50 day simple moving average is $64.98 and its 200 day simple moving average is $55.85. Interactive Brokers Group has a 1-year low of $32.82 and a 1-year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. On average, equities research analysts predict that Interactive Brokers Group will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,205,683 shares of company stock worth $77,217,965. Corporate insiders own 2.97% of the company's stock.

Institutional Investors Weigh In On Interactive Brokers Group

Institutional investors have recently modified their holdings of the business. N.E.W. Advisory Services LLC bought a new stake in shares of Interactive Brokers Group in the first quarter valued at about $26,000. Nvwm LLC bought a new stake in shares of Interactive Brokers Group in the first quarter valued at about $33,000. ASR Vermogensbeheer N.V. bought a new stake in shares of Interactive Brokers Group in the first quarter valued at about $33,000. North Capital Inc. bought a new stake in shares of Interactive Brokers Group in the first quarter valued at about $49,000. Finally, Quarry LP boosted its position in shares of Interactive Brokers Group by 486.3% in the first quarter. Quarry LP now owns 299 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 248 shares during the period. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.

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